Quadrant Capital Group LLC Has $719,000 Position in CME Group Inc. (NASDAQ:CME)

Quadrant Capital Group LLC boosted its stake in CME Group Inc. (NASDAQ:CME) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,094 shares of the financial services provider’s stock after purchasing an additional 101 shares during the quarter. Quadrant Capital Group LLC’s holdings in CME Group were worth $719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its position in shares of CME Group by 50.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 129 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in CME Group by 2.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,769 shares of the financial services provider’s stock worth $411,000 after acquiring an additional 45 shares in the last quarter. TFC Financial Management Inc. grew its stake in CME Group by 8.4% in the fourth quarter. TFC Financial Management Inc. now owns 592 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 46 shares during the period. Waldron Private Wealth LLC increased its holdings in shares of CME Group by 2.0% during the fourth quarter. Waldron Private Wealth LLC now owns 2,362 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 47 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of CME Group by 12.1% during the fourth quarter. Venturi Wealth Management LLC now owns 437 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 47 shares during the period. 87.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $269.00 price target on shares of CME Group in a research report on Thursday. Piper Sandler lifted their price objective on shares of CME Group from $250.00 to $258.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price target on CME Group from $256.00 to $263.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Citigroup downgraded CME Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $255.00 to $250.00 in a research note on Monday, January 6th. Finally, Barclays raised their target price on CME Group from $257.00 to $263.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $241.53.

CME Group Trading Down 5.2 %

NASDAQ CME opened at $254.46 on Monday. The business’s fifty day moving average is $252.60 and its 200-day moving average is $237.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.02. The stock has a market capitalization of $91.70 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 6.76 and a beta of 0.53. CME Group Inc. has a one year low of $190.70 and a one year high of $273.42.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $2.52 EPS for the quarter, topping the consensus estimate of $2.46 by $0.06. CME Group had a net margin of 57.52% and a return on equity of 13.62%. Equities research analysts predict that CME Group Inc. will post 10.49 EPS for the current year.

CME Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 7th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.96%. This is a positive change from CME Group’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, March 7th. CME Group’s dividend payout ratio is 51.71%.

Insiders Place Their Bets

In other news, Director Howard J. Siegel sold 10,000 shares of CME Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $260.00, for a total value of $2,600,000.00. Following the completion of the transaction, the director now owns 21,873 shares in the company, valued at $5,686,980. This trade represents a 31.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Suzanne Sprague sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $256.83, for a total transaction of $385,245.00. Following the sale, the chief operating officer now owns 8,036 shares in the company, valued at $2,063,885.88. The trade was a 15.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,076 shares of company stock valued at $6,871,496 over the last ninety days. 0.30% of the stock is currently owned by insiders.

CME Group Company Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.